Sakina Bibi's Group
Sakina and her family are very talented. They all are involved in a shoe making business. This has become their family business. They all receive orders from the shoe factories and shoe shops and fulfill them to generate income.
Sakina has requested a loan from Kiva partner Asasah for her family business. With the loan investment, they will buy shoe making material like leather, nails, shoe polish, shoe laces, and thread in larger quantities to fulfill the orders on time and increase their income. She is hopeful that the loan investment will bring positive financial changes to her family business.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid